A further response to your post is that I am bullish on copper long term. There are plenty of postings in the threads to substantiate the bullish thesis which I won’t reiterate but my recent post showing the effect of $1200/t on earnings blows the restart NPV out of the water. In a world that simply doesn’t have enough copper for what is required I would be staggered if the Nifty sulphide ore and the other tenements are uneconomic. Together they constitute the sixth largest copper reserves in Australia so I would disagree there are plenty of better options to consider. I do have investments in other copper explorers and producers but CYM has the greatest potential in my opinion even with the recent capital dilution. If you want to take a conservative view and assume it’s a six year project that is fine by me; we all have different styles/risk tolerance but there is a general consensus that we are at the beginning of a copper super cycle.
A somewhat nit-picking further response is that if you really believe there is only a six year mine life you can’t use a PE of 8 in your valuation (would need 12 years of earnings to get payback of capital).
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3.7¢ |
Change
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Mkt cap ! $60.98M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 3.5¢ | $199.7K | 5.374M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 50000 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.8¢ | 254607 | 3 |
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No. | Vol. | Price($) |
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4 | 458423 | 0.036 |
5 | 700744 | 0.035 |
11 | 928102 | 0.034 |
7 | 927180 | 0.033 |
12 | 2669107 | 0.032 |
Price($) | Vol. | No. |
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0.037 | 615555 | 3 |
0.038 | 254607 | 3 |
0.039 | 754190 | 8 |
0.040 | 480000 | 3 |
0.041 | 277907 | 3 |
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Last
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Change
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Open | High | Low | Volume | ||
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